Deals
Tribe Capital, Founded by Social Capital Alum, Plan SPAC
- Tribe Capital Growth Corp. could go public as soon as January
- Blank-check company poised to target the technology sector
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Venture firm Tribe Capital is seeking to raise $200 million for a special purpose acquisition company that could go public as soon as January, according to people with knowledge of the matter.
Tribe Capital Growth Corp. will seek a target in the technology sector and is in talks with potential underwriters, said the people, asking not to be identified because the matter is private. Tribe co-founder Arjun Sethi is set to be the SPAC’s chief executive officer, and Dubai-based Arrow Capital is slated to sponsor the SPAC alongside Tribe. Its board is expected to include Tribe co-founder Ted Maidenberg and Arrow founder Rohit Nanani.